The global economy : a concise history / edited by Franco Amatori, Andrea Colli.

Format:

Book

Contributor:

Amatori, Franco, editor.

Colli, Andrea, 1966- editor.

Series:

Routledge-giappichelli.

Routledge-giappichelli

Language:

English

Italian

Subjects (All):

Economic history.

Commerce--History.

Commerce.

History.

Industrial revolution--History.

Industrial revolution.

Economic development--History.

Economic development.

Genre:

History.

Physical Description:

xiii, 332 pages : illustrations ; 25 cm.

Edition:

1 Edition.

Place of Publication:

New York : Routledge, 2019.

Language Note:

Orig. title: Il mondo globale.

Summary:

"The Global Economy - a Concise History traces the history of global economy over the past thousand years. In doing so, it explores all the main waves of globalization, from the trade revolution of the Middle Ages, to the Great and Little Divergence between the West and the East, as well as the North and the South of the World. This book examines the Industrial Revolution and the World Wars, and their respective consequences, as well as the interaction between technological shifts and the transition in geopolitical equilibria. The last chapters are dedicated to an in-depth examination of the transformation which occurred in the global economy after 1989. The chronological structure of the book is designed to help students memorize and understand key events. This book also discusses broader themes, such as convergence-divergence, growth and decline, development, and industrial revolutions. This will make it of interest not only to students and academics, but to all readers wishing to gain a deeper understanding of the history and current state of the global economy"-- Provided by publisher.

Contents:

1 The structural characteristics of preindustrial economies p. 1

1.1 From the Neolithic Revolution to the Bronze Age urban revolution p. 1

1.2 The structural features of agrarian economies p. 5

1.3 Late-mediaeval economies and the impact of the Black Death p. 8

2 The "Great Divergence" p. 13

2.1 Opening closed worlds p. 13

2.2 The Great Divergence: causes and timing p. 18

2.3 Beyond Eurasia: America, Africa and Oceania p. 25

3 New players, new institutions p. 29

3.1 From south to north p. 29

3.2 Origins of the Little Divergence p. 35

3.3 On both sides of the Atlantic p. 40

Demographic transition p. 44

4 The Industrial Revolution: technology and society p. 47

4.1 A long-term process p. 47

4.2 Foreign trade, empire, mercantilism p. 49

4.3 Early structural transformation p. 51

4.4 The technological revolution: stages, sectors and innovations p. 53

5 Why Europe? Why Britain? p. 63

5.1 Why Europe? Culture, institutions, economic incentives p. 64

5.2 Why Britain? A peculiar combination of factors p. 68

The industrial revolution p. 73

6 An unstoppable process p. 77

6.1 The dynamics of "peaceful conquest" in European industrialization p. 78

6.2 The universal banks p. 79

6.3 The state's role in the backward countries p. 80

6.4 Industrialization and the reactivity of the socio-economic fabric p. 84

7 A new world balance p. 87

7.1 The Second Industrial Revolution p. 87

7.2 A new leading figure: big business p. 87

7.3 Technological change: constraints and opportunities p. 90

7.4 Towards a new global scenario p. 91

Workplace organization p. 98

8 The Western model and its limits p. 101

8.1 Tsarist Russia p. 101

8.2 Reform from above: Imperial Japan p. 104

8.3 The Meiji Restoration p. 106

8.4 China in the late Qing period p. 108

8.5 Latin America p. 111

Mass emigration from Europe p. 115

9 The first phase of globalization p. 121

9.1 The (first) Great Depression and neomercantilism p. 123

9.2 The gold standard and the City at its height p. 125

9.3 Imperialism p. 128

International monetary systems p. 133

10 The Great War: the end of a world p. 137

10.1 Interpretation of the war: discontinuity and social revolution p. 137

10.2 Total war: industrial planning and mobilization p. 141

10.3 The geopolitical and economic consequences p. 149

11 The post-war years: the age of insecurity p. 153

11.1 The difficult return to the international monetary system p. 153

11.2 German hyperinflation p. 157

11.3 Economic expansion in the 1920s p. 159

11.4 The Soviet Union p. 164

12 The crisis of capitalism p. 169

12.1 The Wall Street Crash p. 169

12.2 The Depression p. 172

12.3 The Keynesian revolution p. 178

13 State intervention p. 183

13.1 The New Deal p. 183

13.3 Italy p. 192

13.4 The Soviet Union p. 194

14 The Second World War: "Creative Destruction" p. 199

14.1 Destruction and creation p. 199

14.2 War and growth p. 200

14.3 Investments and foreign trade p. 202

14.4 The sectors in war: agriculture and raw materials p. 204

14.5 Growth of the arms industry p. 205

14.6 Planning for combat p. 206

14.7 War and big science p. 207

15 Prosperity at last p. 211

15.1 "Greenhouse with cyclamens" p. 211

15.2 Europe destroyed p. 212

15.3 The European Recovery Program p. 214

15.4 Trade and international agreements p. 216

15.5 Mixed economy, nationalizations and development policies p. 218

15.6 Miracle, miracles p. 219

16 Decolonization: lights and (many) shadows p. 223

16.1 Rich and poor p. 223

16.2 The nature of underdevelopment p. 224

16.3 Decolonization p. 225

16.4 Political instability p. 227

16.5 Asian destinies p. 229

17 From Keynes to neoliberalism p. 235

17.1 The end of Keynesian economics p. 235

17.2 The 1970s recession p. 236

17.3 Retreat of the public sector in the West p. 238

17.4 Privatizations in Europe p. 239

17.5 Why privatize, how to privatize p. 240

17.6 Privatization and development p. 242

18 Third world, "third worlds" p. 247

18.1 Fragmentation of the Third World p. 247

18.2 A legacy of the past p. 249

18.3 The disadvantages of the latecomers p. 250

18.4 Sectors and companies p. 251

18.5 Developmental states p. 253

19 The end of a great dream p. 257

19.1 A crisis with deep roots p. 257

19.2 Gorbachev's impossible dream p. 260

19.3 The difficult return to the market economy p. 262

19.4 Towards a new State capitalism p. 265

20 Unstable leadership p. 271

20.1 Reagan's America: reviving the economy and reducing the role of the state p. 271

20.2 Japan's lost challenge p. 273

20.3 The dynamic recovery of the United States p. 276

20.4 China in the global economy: political repression and economic reform p. 279

21 Europe in search of an identity p. 287

21.1 The end of the Cold War and German Reunification p. 287

21.2 The terms imposed by the Treaty of Maastricht p. 290

21.3 Arrival of the euro p. 292

21.4 The origins of the European crisis p. 295

22 The globalized world p. 303

22.1 BRICS p. 303

22.2 The success of the market and state intervention in Asia p. 307

22.3 The commodities boom and development of south-south economic relations p. 310

23 A different kind of crisis? p. 317

23.1 The origins of the financial crisis p. 317

23.2 Bailing out the banking systems p. 321

23.3 Uncertainties after the crisis p. 324

24 In praise of history p. 331.

Notes:

Includes bibliographical references and index.

ISBN:

9780367265083

0367265087

9780367265076

0367265079

9788892117341

8892117343

0429293550

9780429293559

OCLC:

1104812841